UCYB vs. UVXY
UCYB (ProShares Ultra Nasdaq Cybersecurity) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - UCYB is a Leveraged Equities fund tracking the Nasdaq CTA Cybersecurity Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 5 years, UCYB returned 18.13%/yr vs -68.23%/yr for UVXY. At a correlation of -0.51, they often move in opposite directions. UCYB charges 0.97%/yr vs 0.95%/yr for UVXY.
Performance
UCYB vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, UCYB achieves a 51.10% return, which is significantly higher than UVXY's -23.07% return.
UCYB
- 1D
- -1.99%
- 1M
- 61.03%
- YTD
- 51.10%
- 6M
- 38.20%
- 1Y
- 37.94%
- 3Y*
- 43.47%
- 5Y*
- 18.13%
- 10Y*
- —
UVXY
- 1D
- -4.95%
- 1M
- -26.21%
- YTD
- -23.07%
- 6M
- -39.47%
- 1Y
- -74.10%
- 3Y*
- -64.78%
- 5Y*
- -68.23%
- 10Y*
- -72.73%
UCYB vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 51.10% | 9.41% | 28.84% | 68.85% | -55.15% | 29.50% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -23.07% | -65.32% | -50.90% | -87.70% | -44.81% | -87.57% |
Correlation
The correlation between UCYB and UVXY is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | -0.51 |
The correlation between UCYB and UVXY shifts across timeframes, from -0.51 (5 years) to -0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCYB vs. UVXY — Risk / Return Rank
UCYB
UVXY
UCYB vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UCYB | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.81 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.97 | +1.86 |
| Martin ratioReturn relative to average drawdown | 1.97 | -1.33 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UCYB | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | -0.88 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.66 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.68 | +0.98 |
Drawdowns
UCYB vs. UVXY - Drawdown Comparison
The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UCYB and UVXY.
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Drawdown Indicators
| UCYB | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -100.00% | +37.31% |
Max Drawdown (1Y)Largest decline over 1 year | -43.04% | -76.19% | +33.15% |
Max Drawdown (3Y)Largest decline over 3 years | -43.04% | -95.25% | +52.21% |
Max Drawdown (5Y)Largest decline over 5 years | -62.69% | -99.69% | +37.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -8.02% | -100.00% | +91.98% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -98.55% | +71.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.33% | 55.83% | -36.50% |
Volatility
UCYB vs. UVXY - Volatility Comparison
ProShares Ultra Nasdaq Cybersecurity (UCYB) has a higher volatility of 22.45% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 12.26%. This indicates that UCYB's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCYB | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.45% | 12.26% | +10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 42.18% | 62.79% | -20.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.53% | 84.51% | -34.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.95% | 103.82% | -53.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.63% | 113.81% | -64.18% |
UCYB vs. UVXY - Expense Ratio Comparison
UCYB has a 0.97% expense ratio, which is higher than UVXY's 0.95% expense ratio.
Dividends
UCYB vs. UVXY - Dividend Comparison
UCYB's dividend yield for the trailing twelve months is around 1.43%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 1.43% | 1.90% | 2.16% | 0.56% | 0.00% | 0.91% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCYB and UVXY have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCYB has higher volatility (22.45%) compared to UVXY (12.26%). In terms of maximum drawdown, UCYB dropped -62.69% vs UVXY's -100.00%.
On 5-year performance, UCYB leads with 18.13% vs -68.23% for UVXY. On fees, UVXY is cheaper at 0.95% per year. On volatility, UVXY has been the lower-risk option at 12.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UCYB has performed better with a 18.13% return vs -68.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UVXY is cheaper with a 0.95% expense ratio, compared with 0.97% for UCYB.
UCYB has the higher dividend yield at 1.43%, compared with 0.00% for UVXY.
UCYB is categorized as Leveraged Equities, while UVXY is Volatility. UCYB tracks Nasdaq CTA Cybersecurity Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.97% for UCYB and 0.95% for UVXY.
UCYB currently has the higher Sharpe Ratio (0.77 vs -0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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